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Proactiveinvestors RSS feedenSun, 18 Feb 2018 16:02:52 +1100http://blogs.law.harvard.edu/tech/rssGenera CMSaction@proactiveinvestors.com (Proactiveinvestors)action@proactiveinvestors.com (Proactiveinvestors)http://www.proactiveinvestors.com.au/companies/news/185462/uranium-equities-takes-advantage-of-share-spike-post-lithium-anomaly-185462.html
Uranium Equities Ltd's (ASX:UEQ) shares have doubled in value in the past couple of days to $0.011 following a lithium anomaly being identified at its Dundas project in Western Australia.

UEQ has held Dundas since June 2017, having pegged the area originally for gold prospectivity given its proximity to the nearby high-grade Viking Gold Project owned by Genesis Minerals Ltd (ASX:GMD).

The company’s tenement area sits on the edge of the Albany-Fraser Orogen which incorporates parts of the Archaean Yilgarn Craton, including the Norseman-Wiluna Greenstone Belt.

This province is known for hosting the world-class Tropicana gold deposit and the Nova-Bollinger nickel-copper deposit.

Uranium Equities is now heading to market with a capital raising, and the ASX has granted a trading halt to prepare.

The halt will remain in place until the opening of trade on Monday 16th October 2017, or earlier if an announcement is made to the market.

The project in Chile comprises 12 contiguous tenement applications for total area under application of 36 square kilometres in the province of Petorca.

Uranium Equities will undertake reconnaissance exploration activities over the project during an exclusive 90-day due diligence period.

Historical mining at Plateado commenced in 1899 and periodically operated in the 1930’s to produce high-grade cobalt.

The workings are indicative of artisanal-scale mining. However, there are no indications that the area has been subsequently explored using modern exploration techniques.

Recent rock-chip sampling has returned grades of up to 0.89% cobalt from samples containing cobaltite and erythrite.

Uranium Equities plans to undertake initial reconnaissance exploration activities including more extensive rock-chip sampling and mapping as well as a soil geochemical survey over the tenements.

The company’s share price doubled since the start of 2017, last trading at $0.011.

]]>Thu, 06 Apr 2017 10:30:00 +1000http://www.proactiveinvestors.com.au/companies/news/176047/uranium-equities-to-earn-into-promising-cobalt-opportunity-in-chile-176047.htmlhttp://www.proactiveinvestors.com.au/companies/news/163220/uranium-equities-hits-6000ppm-uranium-at-nabarlek--57419.html
Uranium Equities (ASX:UEQ) has received a number of high-grade uranium results from reverse circulation drilling at its Nabarlek Uranium Project in the Northern Territory, intersecting grades up to 6,000ppm or 0.6% uranium.

Significant uranium results included 7 metres at 2,680ppm from 46 metres with 3 metres at 5,216ppm; and 6 metres at 1,336ppm from 19 metres with 1 metre at 6,073ppm.

The Narbalek drilling is part of its West Arnhem Joint Venture with $8.5 billion Cameco Corporation (NYSE:CCJ) where UEQ has the right to earn 100%.

Assays are hosted in a redox boundary between strongly bleached and pyritic rocks and hematite stained oxidized rocks within the Quarry Fault Zone, and are associated with a zone of cross-faulting along the structure.

These results have provided geological insights into the potential of the broader region to host high-grade uranium deposits, paving the way for the next phase of exploration within UEQ’s recently expanded 5,000 square kilometre tenement holding in the Alligator Rivers Uranium Field.

The West Arnhem Joint Venture with Cameco represent a near-mine uranium exploration opportunity surrounding the historic Nabarlek Uranium Deposit, which had previous production of 24 million pounds at 1.84% uranium.

Drilling targeted areas of elevated radon anomalism, which is a pathfinder for uranium mineralisation, and focused on an area adjacent to the U40 Prospect, where earlier diamond drilling intersected 6.8 metres at 6.7% uranium from 75 metres.

Interestingly, samples with high uranium also had elevated gold, with a peak result of 1.05g/t, and anomalous platinum and palladium, which is a characteristic of uranium deposits in the Alligator Rivers Uranium Field.

In addition, UEQ has engaged Dr Jon Hronsky, principal of Western Mining Services, for a target generation study.

Dr Hronsky is known for his targeting work which led to the discovery in 2000 of the West Musgrave nickel sulphide province in Western Australia.

With green shoots appearing in the uranium sector in recent weeks, evidenced by increases in the spot uranium price, UEQ’s ground position in one of the world’s premier uranium provinces should attract market interest.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>Mon, 08 Sep 2014 13:00:00 +1000http://www.proactiveinvestors.com.au/companies/news/163220/uranium-equities-hits-6000ppm-uranium-at-nabarlek--57419.htmlhttp://www.proactiveinvestors.com.au/companies/news/163219/uranium-equities-is-leveraged-to-spot-price-recovery-57166.html
Uranium Equities (ASX:UEQ) is well leveraged to further recovery in the strengthening uranium price, which appears to have turned at least a short term corner by rising above US$31 per pound in recent days.

A near term price catalyst could be positive results from a 4,757 metre drilling program targeting high grade prospects on its Nabarlek Mineral Lease and West Arnhem joint venture areas.

UEQ's Nabarlek Project carries the historically profitable Nabarlek Mine, which produced 24 million pounds at 1.84% uranium, and the surrounding exploration licences, again held in joint venture with Cameco.

This expanded its already dominant ground position in the Alligator Rivers Uranium Field in the Northern Territory, taking is acreage in the province to over 5,000 square kilometres.

The prospectivity of the Alligator Rivers province is highlighted by the recent discovery Cameco Australia at Angularli where intersections included 20.2 metres at 5.2% uranium.

UEQ is capitalised at a modest $5.5 million, and recently raised around $750,000 at $0.01 per share.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

The initial exploration program will include about 3,000 metres of combined rotary mud and diamond drilling on the Marla Project and a ground gravity survey over the Oodnadatta Project. Drilling is expected to commence in the fourth quarter of 2013.

Chalice is earning up to 70% in the Oodnadatta and Marla Projects that cover 7,746 square kilometres of the underexplored northern margin of the Gawler Craton by sole funding a total of $5.5 million in exploration expenditure.

The Gawler Craton is a known IOCGU region, hosting deposits such as the giant Olympic Dam, Prominent Hill and Carrapateena.

The projects will be managed by UEQ in the first 12 months.

Marla straddles a major suture zone between the Gawler Craton and Musgrave Block where coincident magnetic and gravity features have been identified within a west-northwest trending structural corridor.

A detailed ground gravity survey completed in 2011 identified several high priority target areas where gravity and magnetic anomalism coincide in areas of complex structural interactions.

Depth modelling of the highest priority Marla coincident gravity and magnetic targets – including the Todmorden Target area - has indicated the anomalies sit at less than 400 metres depth.

The Oodnadatta Project tenements lie along and adjacent to the Peake – Denison Ranges, which include the Peake Metamorphics and the Wirriecurrie Granite.

A review of existing geophysical data over the Oodnadatta Project has identified a number of significant coincident magnetic and gravity features with only limited gravity coverage over the highest intensity magnetic anomalies.

An initial ground gravity program covering the most prospective targets is planned for completion in Year 1 to provide depth and targeting information for a drilling program.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>Wed, 25 Sep 2013 13:00:00 +1000http://www.proactiveinvestors.com.au/companies/news/163218/uranium-equities-farms-out-south-australian-iocg-uranium-tenements-to-start-exploration-48439.htmlhttp://www.proactiveinvestors.com.au/companies/news/163217/uranium-equities-to-reveal-development-of-the-phosenergy-process-46370.html
Uranium Equities (ASX: UEQ) is in pre-open following the ASX granting the company a trading halt, pending a development of the PhosEnergy Process.

Uranium Equities and global uranium leader Cameco Corporation (NYSE: CCJ) have jointly developed a potentially industry-changing process for the extraction of uranium from phosphoric acid streams produced in the production of phosphate-based fertilisers, “the PhosEnergy Process”.

Cameco is funding the development of this process through an investment of US$16.5 million, with a further commitment to fund a minimum of 50% of Uranium Equities’ share of the capital cost for construction of the first commercial plant, should this occur.

The company has been looking to demerge the assets, which would create two independently focussed companies and allow different funding and development strategies to be applied to the exploration and PhosEnergy businesses.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Wednesday 7th August 2013.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>Mon, 05 Aug 2013 16:50:00 +1000http://www.proactiveinvestors.com.au/companies/news/163217/uranium-equities-to-reveal-development-of-the-phosenergy-process-46370.htmlhttp://www.proactiveinvestors.com.au/companies/news/163216/uranium-equities-evaluates-demerger-of-uranium-extraction-assets-43802.html
Uranium Equities (ASX: UEQ) is evaluating a possible separation of its exploration and PhosEnergy Process assets via a demerger, which has the potential to unlock some value from PhosEnergy for the company.

The PhosEnergy Process is a patented process for the extraction of uranium as a by-product from phosphate in the production of phosphate-based fertilisers.

The demerger would involve an in specie distribution of shares in a new entity to existing shareholders of Uranium Equities on a pro-rata basis.

The proposal is currently undergoing detailed consideration with a view to making a decision in the next few weeks. In the event of a demerger, various regulatory approvals including shareholder approval would be required.

The previously mined deposit lies within an extensive uranium mineral systemwhich extends over more than 50 square kilometres within the Mineral Lease and the surrounding tenements.

Uranium Equities recently received applications for 34 million shares in a Non-renounceable Rights Issue to raise around $850,000.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>Tue, 28 May 2013 13:20:00 +1000http://www.proactiveinvestors.com.au/companies/news/163216/uranium-equities-evaluates-demerger-of-uranium-extraction-assets-43802.htmlhttp://www.proactiveinvestors.com.au/companies/news/163215/uranium-equities-begins-phosenergy-process-study--34839.html
Uranium Equities (ASX: UEQ) has awarded a contract to undertake an Engineering Study of its PhosEnergy Process to global engineering and professional services consultancy, Hatch.

The PhosEnergy Process is a technology for the extraction of uranium from phosphate streams produced in the production of phosphate-based fertilisers.

Uranium Equities and Cameco Corporation are jointly commercialising the technology under a strategic alliance in which Cameco has the right to earn a 73% interest in the PhosEnergy Process.

Results of the study are expected in the March 2013 quarter.

The study will be run out of Hatch’s Tampa, Florida offices where their Phosphate Fertilizer Center of Excellence is based, and utilise information gathered during the technical development of the process, in particular the successful demonstration plant operations announced previously.

The study will define CAPEX and OPEX for a commercial facility employing the process and allow a robust business case to be built for uranium recovery from phosphate fertiliser streams.

Uranium Equities estimates the cash operating cost of uranium production employing the PhosEnergy Process to be US$20 to $25 per pound of uranium, with a capital intensity of $100 per pound (U3O8) of annualised nameplate capacity.

These estimates are based on phosphate streams from a 1 million tonne per annum phosphate fertiliser facility operating in the U.S and include a 40% contingency.

Successful demonstration

Mid-last month Uranium Equities successfully completed the first operating phase of its PhosEnergy Demonstration Plant in the U.S.

Four, 10 day tests were completed from June to August 2012 on phosphate streams from two different fertiliser facilities.

- Consistently high uranium recovery, greater than 90%, from the phosphate stream during steady-state operation;- No deleterious build-up of impurities in the extraction media across multiple cycles;- Chemical and reagent consumptions within expected range;- Purification and concentration of uranium is achievable without significant uranium losses;- The chemistry of the phosphate stream is unaffected except for the removal of uranium; and- A concentrated product was shipped to a uranium production facility where a saleable product can be produced.

Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

The company has completed a series of 10 day test campaigns to determine optimum process conditions and preliminary results have uranium recoveries meeting expectations with process scalability being supported.

The demonstration plant is designed to extract uranium as a by-product from phosphate in the production of phosphate based fertilisers.

Uranium extracted from the phosphoric acid is concentrated and purified through the process before being transported to a uranium production facility in the U.S. for evaluation of product quality.

The effectiveness of the PhosEnergy process has been confirmed at pilot plant scale at a U.S.-based phosphoric acid facility.

A second test campaign will begin at the end of this week, with the operational period expected to last a further two to three months.

Uranium Equities will collect information – including chemical consumption rates, equipment design criteria and energy inputs – from a number of acid feed sources to enable completion of a preliminary Feasibility Study.

Global opportunity

The global annual production potential of uranium from the phosphate industry is around 20 million pounds of uranium and is mined in phosphate ores but not recovered annually on a worldwide basis.

The major phosphate based fertiliser producers are located in Northern Africa, North America and Asia.

Uranium Equities and Cameco Corporation (TSX: CCO) are targeting the U.S. where there is an opportunity to recover an estimated 6 million pounds of uranium per annum.

Also, operation in the U.S. has several potential synergies with Cameco’s existing operations in the region.

Uranium Equities and Cameco operate under a strategic alliance in which Cameco has the right to earn a 73% interest in the project.

Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums. ]]>Fri, 22 Jun 2012 11:10:00 +1000http://www.proactiveinvestors.com.au/companies/news/163214/uranium-equities-phosenergy-demonstration-plant-operational-uranium-recoveries-above-90--30435.htmlhttp://www.proactiveinvestors.com.au/companies/news/163213/uranium-equities-phosenergy-demonstration-plant-commissioning-set-to-begin--27614.html
Uranium Equities (ASX: UEQ) and Cameco Corporation (TSX: CCO) have completed the construction of a demonstration plant designed to extract uranium as a by-product from phosphate in the production of phosphate based fertilisers.

The transportable plant, which is in the U.S., is scheduled to be operational next month.

The effectiveness of the PhosEnergy process has been confirmed at pilot plant scale at a U.S.-based phosphoric acid facility.

Operating cost estimates indicate the PhosEnergy process is capable of producing uranium at operating costs of about US$20-$25 (A$19-$24) per pound, with a uranium recovery of over 90%.

Over the next four to six months Uranium Equities and Cameco will collect data, including chemical consumption rates, equipment design criteria and energy inputs, from the demonstration plant for the completion of a preliminary Feasibility Study.

Global opportunity

The global annual production potential of uranium from the phosphate industry is around 20 million pounds of uranium.

This quantity of uranium is mined in phosphate ores but not recovered annually on a worldwide basis.

The major phosphate based fertiliser producers are located in Northern Africa, North America and Asia.

The two companies are targeting the U.S. where there is an opportunity to recover an estimated 6 million pounds of uranium per annum.

Also, operation in the U.S. has several potential synergies with Cameco’s existing operations in the region. ]]>Fri, 13 Apr 2012 13:10:00 +1000http://www.proactiveinvestors.com.au/companies/news/163213/uranium-equities-phosenergy-demonstration-plant-commissioning-set-to-begin--27614.htmlhttp://www.proactiveinvestors.com.au/companies/news/163212/uranium-equities-to-raise-21-million-for-key-uranium-projects-21566.html
Uranium Equities (ASX: UEQ) plans to raise about $2.1 million to progress the company’s key uranium projects in the Northern Territory, South Australia and Western Australia.

The offer, will open on November 22 and close on December 6, is fully underwritten by Patersons Securities.

The rights issue will be offered at $0.05 to existing shareholders, and is expected to raise about $2.1 million before issue costs.

Uranium Equities has a portfolio of near mine and greenfields projects including exploration licences and applications that covers more than 24,000 square kilometres.

These projects represent a number of different uranium deposit styles and targets.

The company will focus funds on particular key projects, including the Nabarlek project, Rudall River, and the Lake Frome and Marla greenfields project.

Uranium Equities’ Nabarlek mineral lease hosts the historical Nabarlek Mine, a small, high net value deposit which produced 24 million pounds at an average grade of 1.84% uranium oxide.

The Nabarlek mineral lease and surrounding West Arnhem Joint Venture tenements (Uranium Equities 40%, Cameco 60%, manager) are located in the heart of the Alligator Rivers Uranium Field in the Northern Territory.

Rudall River, a brownfield project in the east Pilbara region of Western Australia, is also held in joint venture with Cameco (Uranium Equities 40%, Cameco 60%).

The project covers exploration licences which adjoin the Cameco and Mitsubishi Development’s Kintyre deposit, which has potential for 62-80 million pounds of uranium oxide with an average grade of 0.3-0.4% uranium oxide.

Lake Frome, in South Australia’s Frome Basin, is held in joint venture with Cauldron Energy (ASX: CXU) under which Uranium Equities can earn up to an 80% interest by sole funding $5 million of exploration over five years.

Uranium Equities also holds three exploration licences in the Frome Basin.

The Marla Project is located at the northern end of the Gawler Craton in South Australia, which the company considers prospective for iron ore, copper, gold and uranium deposits and sandstone hosted uranium deposits. ]]>Thu, 03 Nov 2011 18:03:00 +1100http://www.proactiveinvestors.com.au/companies/news/163212/uranium-equities-to-raise-21-million-for-key-uranium-projects-21566.htmlhttp://www.proactiveinvestors.com.au/companies/news/163211/uranium-equities-in-trading-halt-pending-capital-raising-announcement-21479.html
Uranium Equities (ASX: UEQ) has been granted a trading halt by the ASX pending the release of an announcement about a capital raising.

The company expects to make an announcement on or before the commencement of trading on Friday 4 November, 2011.

Uranium Equities recently returned an intercept of 1.3 metres at 0.88% uranium from ongoing diamond drilling at the U40 Prospect within its Nabarlek project in the Northern Territory.

This preliminary result indicates extensions to the mineralisation discovered in 2010. Phase 2 of the diamond drilling program at the U40 Prospect, comprising a further 600 metres of drilling in four to six holes, is currently underway.

]]>Wed, 02 Nov 2011 10:00:00 +1100http://www.proactiveinvestors.com.au/companies/news/163211/uranium-equities-in-trading-halt-pending-capital-raising-announcement-21479.htmlhttp://www.proactiveinvestors.com.au/companies/news/163210/uranium-equities-drilling-extends-uranium-mineralisation-at-nabarlek--19970.html
Uranium Equities (ASX: UEQ) has returned an intercept of 1.3 metres at 0.88% uranium from ongoing diamond drilling at the U40 Prospect within its Nabarlek project in the Northern Territory.

This preliminary result indicates extensions to the mineralisation discovered in 2010. Phase 2 of the diamond drilling program at the U40 Prospect, comprising a further 600 metres of drilling in four to six holes, is currently underway.

Reverse circulation drilling on the Nabarlek Mineral Lease has also extended the known mineralisation at the Boomerang Prospect including 5 metres at 1,610 parts per million (ppm) uranium (U3O8) from 121 metres.

In addition, anomalous uranium in favourable host sands was intersected during the company's reconnaissance drilling campaign on the Frome Basin Project in South Australia.

Uranium Equities has also completed detailed ground gravity over U40 and the Quarry Fault Zone on the West Arnhem Joint Venture (40% UEQ: 60% Cameco Australia (Manager)) in the Northern Territory.

Data from the drilling and gravity survey is currently being collated, processed and interpreted and will provide important structural information for targeting future drilling at the U40 Prospect and elsewhere on the project. ]]>Fri, 23 Sep 2011 13:55:00 +1000http://www.proactiveinvestors.com.au/companies/news/163210/uranium-equities-drilling-extends-uranium-mineralisation-at-nabarlek--19970.htmlhttp://www.proactiveinvestors.com.au/companies/news/163209/uranium-equities-granted-halt-pending-capital-raising-announcement-19895.html
Uranium Equities (ASX: UEQ) has been granted a trading halt by the ASX pending the release of a capital raising announcement, with the company's shares placed in pre-open.

Uranium Equities has not yet indicated where the potential capital injection will be allocated, but the company has recently had some exploration success at the Lake Blanche Project joint venture, which is with Cameco Australia.

The joint venture just last week announced that an extensive 41 hole, 9,000 metre mud rotary drilling program was used to identify widespread anomalous uranium.

The highlight was 0.8 metres at 200 parts per million pU3O8 from 123 metres.

The company said at the time that significant widespread anomalism was detected in many of the holes, confirming groundwater and uranium migration through sandstone channels within both the Namba and the upper Eyre Formations.

The joint venture is located within the Frome Basin, and comprises seven exploration licences for over 6000 square kilometres.

The joint venture

Under the terms of the Joint Venture Agreement, Cameco can earn a 51% interest through exploration expenditure of $3,500,000 over 4 years. A further 9% interest can be earned through additional expenditure of $1,000,000.

The highlight was 0.8 metres at 200 parts per million pU3O8 from 123 metres.

The company said significant widespread anomalism was detected in many of the holes, confirming groundwater and uranium migration through sandstone channels within both the Namba and the upper Eyre Formations.

Bryn Jones, managing director, commented “This is an outstanding result for such an early stage in a Greenfields location.

"Cameco has employed sound exploration science in building on the conceptual model used in identifying the ground.”

The project geology comprises Tertiary and Mesozoic basin sediments prospective for sedimentary uranium deposits similar to those found in the world class uranium producing sedimentary basins in Kazakhstan.

The joint venture is located within the Frome Basin, and comprises seven exploration licences for over 6000 square kilometres.

The joint venture

Under the terms of the Joint Venture Agreement, Cameco can earn a 51% interest through exploration expenditure of $3,500,000 over 4 years.

A further 9% interest can be earned through additional expenditure of $1,000,000.

]]>Wed, 14 Sep 2011 14:44:00 +1000http://www.proactiveinvestors.com.au/companies/news/163208/uranium-equities-intersects-widespread-anomalous-uranium-at-lake-blanche-project-19619.htmlhttp://www.proactiveinvestors.com.au/companies/news/163207/uranium-equities-aims-high-searching-for-another-nabarlek-discovery-12282.html
Aiming for another discovery the size of the historic Nabarlek Uranium Mine, which although a small deposit it produced at a very high net value, producing 24Mlbs of uranium at an average grade of 1.84% U3O8 from a mineralised zone only 200m long, Uranium Equities (ASX: UEQ) would have been encouraged by these inital results from drilling.

Follow-up reverse circulation drilling has either better defined or extended uranium target areas at three prospects held by while intersecting significant uranium mineralisation at the Clapstick and Boomerang prospects, part of the Nabarlek Mineral Lease, in the Northern Territory.

Drilling at the Boomerang prospect, which is located in the central part of the mineral lease, has extended the near surface geochemically anomalous zone beneath Kombolgie Sandstone cover.

Boomerang highlights include:

- 1m at 341ppm U3O8 from 63m;- 1m at 830ppm U3O8 from 56m;- 5m at 138ppm U3O8 from 27m; and- 3m at 805ppm U3O8 from 48m, including 2m at 1,155ppm U3O8 from 48m.

At the Clapstick prospect, anomalous zone has been defined by the 100 GT contour which extends over an area of 500 x 100 metres.

Clapstick highlights include:

- 3m at 138ppm U3O8 from 21m;- 4m at 469ppm U3O8 from 60m;- 18m at 930ppm U3O8 from 16m, including 12m at 1,272ppm U3O8 from 20m; and- 16m at 770ppm U3O8 from 46m, including 9m at 1,078ppm U3O8 from 46m.

A third prospect, Bullroarer, highlights included:

- 11m at 118ppm U3O8 from 5m; and- 13m at 132ppm U3O8 from 3m.

Bryn Jones, managing director, said “Our exploration efforts are geared towards the discovery of a uranium orebody of similar dimensions to the Nabarlek Mine.

"This is challenging under sandstone and alluvial cover, but we believe that the value of the potential target warrants a persistent and systematic exploration effort.”

The historic Nabarlek Uranium Mine is contained within the Nabarlek Mineral Lease.

]]>Fri, 03 Dec 2010 13:44:00 +1100http://www.proactiveinvestors.com.au/companies/news/163207/uranium-equities-aims-high-searching-for-another-nabarlek-discovery-12282.htmlhttp://www.proactiveinvestors.com.au/companies/news/163206/uranium-equities-to-test-three-new-exploration-targets-at-nabarlek-11182.html
Identified from the recently completed geochemical drilling program, three new anomalous zones of uranium mineralisation will be targeted at the Uranium Equities (ASX: UEQ) Nabarlek Project in the Northern Territory.

The Nabarlek Mineral Lease surrounds the historic Nabarlek Uranium Mine, which was a small deposit with a very high net value, producing 24Mlbs at an average grade of 1.84% U3O8 from a mineralised zone only 200m long and to a depth of 70m.

The tenements are contiguous and together cover more than 520 km2 in the heart of the Alligator Rivers Uranium Field

The new drilling will be reverse circulation, following on from the already conducted 305 aircore drillholes for 5,024 metres and 48 RC drillholes for 4,445 metres earlier in the year.

]]>Wed, 27 Oct 2010 12:57:00 +1100http://www.proactiveinvestors.com.au/companies/news/163206/uranium-equities-to-test-three-new-exploration-targets-at-nabarlek-11182.htmlhttp://www.proactiveinvestors.com.au/companies/news/163205/high-grade-uranium-confirmed-at-the-uranium-equities-nabarlek-project-11004.html
Confirmed widths of high grade uranium has been identified in reverse circulation drilling at the Uranium Equities (ASX: UEQ) Nabarlek project in the Northern Territory, which is a joint venture with Cameco Australia.

The high-grade intercepts remain the most significant recorded to date in the Nabarlek Project area outside the old Nabarlek Mine, which points to the potential for further discovery.

Uranium Equities drilled two additional diamond holes to the north and south of the high-grade intercepts, which failed to intersect significant uranium.

Bryn Jones, managing director, said "While additional drilling in the vicinity of these intersections did not return significant results, we now have a much better understanding of the structure and controls on the mineralisation and further drilling is planned as a priority next year.”

The West Arnhem Joint Venture covers an area of 477km2 surrounding the historic and Nabarlek Uranium Mine, (located within Uranium Equities’ 100%-owned Nabarlek Mineral Lease), with the surrounding tenements held in a joint venture with Cameco. (UEQ: 40%, Cameco: 60%).

The tenements are located in the Alligator Rivers Uranium Field, a world-class uranium province which hosts the major operating Ranger Uranium Mine and the large Koongarra, Jabiluka and Nabarlek deposits.

This field’s total mineral endowment, including mined resources, exceeds 950Mlbs of U3O8.

]]>Thu, 21 Oct 2010 07:06:00 +1100http://www.proactiveinvestors.com.au/companies/news/163205/high-grade-uranium-confirmed-at-the-uranium-equities-nabarlek-project-11004.htmlhttp://www.proactiveinvestors.com.au/companies/news/163204/uranium-equities-partners-with-cameco-corp-in-us165-million-deal-to-develop-phosenergy-process-3187.html
South Australian-based company Uranium Equities (ASX: UEQ) has secured funding of up to US$16.5 million through uranium giant Cameco Corporation (NYSE: CCJ) for the ongoing development and commercialisation of the PhosEnergy Process.

Under the deal, Cameco will have the right to earn up to 70% of UEQ’s right to take a 90% stake in the technology in two tranches.

Saskatchewan-based Cameco is one of the world’s largest uranium producers and suppliers of conversion services.

The first tranche of US$2.5M will earn Cameco a 10.6% interest with subsequent investment tranches of two lots of US$5M and a final US$4M to see its interest increase incrementally.

Cameco has the option to cease sole funding at the conclusion of each tranche.

If Cameco funds the entire US$16.5M, the company will provide a funding facility for a minimum of 50% of UEQ’s portion of capital expenditure related to the construction of the first commercial plant developed by the joint entity under terms to be determined which would include repayment out of earnings.

A Joint Technical and Commercial Committee is to be established to guide the development which will utilise the significant in-house process engineering expertise of Cameco and UEQ in the field of uranium recovery from phosphate streams.

Shares in Uranium Equities last traded at 16.5c on the Australian Stock Exchange.

The PhosEnergy Process is an innovative patented process for the extraction of uranium as a by-product from phosphate in the production of phosphate based fertilisers.

The global annual production potential of uranium from the phosphate industry is about 20 Mlbs U3O8. This quantity of uranium is mined in phosphate ores but not recovered annually on a worldwide basis.

The major phosphate based fertiliser producers are located in Northern Africa, North America and Asia.

The PhosEnergy Process has been proven to pilot scale with results establishing a robust process capable of achieving high levels of uranium recovery at the lower end of the cost.

Operating cost estimates based on the pilot plant operation results indicate the PhosEnergy Process is capable of producing uranium at operating costs in the order of US$25-$30/lb with over 90% uranium recovery.